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Feb 14, 2013
02/13
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so much so that even less than half the state's leading lady the tax. >> the new tax will apply to billions of transactions a year. 11 eurozone countries including germany hope to introduce the tax this year. the levy would amount to 0.1% on trades and bonds, stocks, and currencies. >> what we have proposed is technically sound and legally robust as a tax, a tax which will strengthen our market and tim burke irresponsible financial trading. >> the eu commission wants to make sure companies do not just do their trading somewhere else, so the tax will apply if one of the parties is located in a participating country. opponents say that will not work. >> where a tax is suddenly imposed in 11 of the 27 eu countries, that creates pressure for companies to change their place of business. >> but the eu commission says the 11 participating countries are trail blazers. it believes other countries will soon follow suit. one reason is it will bring in up to 35 billion euros in additional revenue each year. >> the financial transaction tax has high symbolic value for the 11 participating euro countries
so much so that even less than half the state's leading lady the tax. >> the new tax will apply to billions of transactions a year. 11 eurozone countries including germany hope to introduce the tax this year. the levy would amount to 0.1% on trades and bonds, stocks, and currencies. >> what we have proposed is technically sound and legally robust as a tax, a tax which will strengthen our market and tim burke irresponsible financial trading. >> the eu commission wants to make...
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Jan 14, 2013
01/13
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they also want to extend the statute of limitations on tax crimes. they want to improve coordination in europe when it comes to issues like exchanging information. angela merkel's christian democrats have criticized the proposals saying they won't work, and accusing the other party of electioneering. the most of what has been suggested is nonsense. -- >> most of what has been suggested is nonsense. >> the spd back to the policy of state government buying cd's. they managed to retrieve millions in lost tax revenues. >> now to an austrian actor who only shot to stardom just a few years ago. thanks to director 1 quentin tarantino, he accepted a golden globes. >> he wowed audiences. >> it was the second global blow -- golden globe for christoph waltz. he knew who to thank. >> my indebtedness to you knows no bounds. >> in "django unchained," he plays a bounty hunter who freeze a slave, intending to make him his partner on the road -- who frees a slave, intending to make him his partner on the road. >> and arnold schwarzenegger handed out this award. >> i
they also want to extend the statute of limitations on tax crimes. they want to improve coordination in europe when it comes to issues like exchanging information. angela merkel's christian democrats have criticized the proposals saying they won't work, and accusing the other party of electioneering. the most of what has been suggested is nonsense. -- >> most of what has been suggested is nonsense. >> the spd back to the policy of state government buying cd's. they managed to...
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Apr 30, 2013
04/13
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the events in cyprus have led many to feel their savings could be threatened by a compulsory tax even though there is no sign of such a move. >> the results of this study suggests that germans are not especially optimistic about the future. still, as long as the money keeps coming in, they are prepared to keep spending. that's a sharp contrast to what is going on elsewhere in europe. >> for more on how german consumers are affecting the market, let's turn to frankfurt. >> the strong german consumer mood fueling traders moved to buy shares. the german dax on the upside is a bit of momentum due to disappointing u.s. economic data. surprisingly good news coming from deutsche bank, the largest german private bank, making a profit in the first quarter of almost 2.5 billion euros. the institute also did bolster its capital base with a huge and very successful capital increase. the euro was also recovering because italy finally has a new government and eurozone, one less problem. >> let's take a look now markets. up to buy a bit more than half a percent sign ending at 7913. eurostoxx slightl
the events in cyprus have led many to feel their savings could be threatened by a compulsory tax even though there is no sign of such a move. >> the results of this study suggests that germans are not especially optimistic about the future. still, as long as the money keeps coming in, they are prepared to keep spending. that's a sharp contrast to what is going on elsewhere in europe. >> for more on how german consumers are affecting the market, let's turn to frankfurt. >> the...
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Jan 10, 2013
01/13
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. >> politicians expect ireland to adopt a fair chance on issues such as tax dumping. many are critical of ireland's aggressive tax policy. >> the european central bank is keeping interest rates on hold at a record low at 0.75%. >> at its first policy meeting of the year on thursday, the ecb president acknowledged that the eurozone economy will remain weak in the coming months, but he forecast a recovery towards the end of the year. >> there were no big surprises as mario draghi announced the results of the ecb's first policy meeting of 2013. the ecb will keep interest rates at their historic low of 0.75%. at the end of last year, there was speculation it might lower rates even further, but draghi said the governing council's decision had been unanimous. despite signs that the eurozone has turned a corner, the ecb president cautioned that it is still too early to claim success. >> the economic weakness in the euro area is expected to extend into 2013. in particular, necessary balance sheet adjustments in financial sectors and persistent uncertainty will continue to wei
. >> politicians expect ireland to adopt a fair chance on issues such as tax dumping. many are critical of ireland's aggressive tax policy. >> the european central bank is keeping interest rates on hold at a record low at 0.75%. >> at its first policy meeting of the year on thursday, the ecb president acknowledged that the eurozone economy will remain weak in the coming months, but he forecast a recovery towards the end of the year. >> there were no big surprises as...
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Jan 24, 2013
01/13
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unemployment, and she said she will be working together with cameron 2 stock corporations avoiding taxes. >> two very different approaches, but which went down better at davos? our correspondent has more. >> angela merkel can be joyful and comical. today, she was not. she was serious while cameron was casual, full of british humor, selling himself and his country, he even got applause during his speech, and although most people here criticized sharply his plans for a referendum, he did not say a lot about this topic today. he sold it as his duty to deliver the referendum to the british citizens. in contrast, angela merkel did not try to be entertaining. she emphasized the common interests of britain and the european union, like structural reforms, free trade agreement with the united states, and make europe more competitive, obviously trying to deal with a new conflict as coolly as possible, a strategy that has brought her a lot of success in the last years. thursday was the day of cameron and merkel. now everybody is heading to one of the numerous parties if they have enough energy, and
unemployment, and she said she will be working together with cameron 2 stock corporations avoiding taxes. >> two very different approaches, but which went down better at davos? our correspondent has more. >> angela merkel can be joyful and comical. today, she was not. she was serious while cameron was casual, full of british humor, selling himself and his country, he even got applause during his speech, and although most people here criticized sharply his plans for a referendum, he...
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Apr 22, 2013
04/13
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the president faces a tax evasion probe. the city of boston has been holding a silent vigil and remembered -- in remembrance of the attack one week ago. >> public life team to a halt at 2:50 p.m., the exact time the attack took place. three people were killed and more than 180 were injured when two homemade bombs went off to the finish line of therace. authorities say they have charged the one surviving suspect. he is in the hospital with serious injuries. >> federal prosecutors say he will face charges of using a weapon of mass distraction and malicious distraction of property resulting in death. he could face the death penalty. >> the suspect was charged while still in his hospital bed. he is unable to speak due to a gunshot wound in the throat, but that he can respond to questions in writing. the 19-year-old could face the death penalty if found guilty. investigators continue to search for evidence at the scene of the shootout that ended in his arrest on friday night. police say they found at least two more explosive devi
the president faces a tax evasion probe. the city of boston has been holding a silent vigil and remembered -- in remembrance of the attack one week ago. >> public life team to a halt at 2:50 p.m., the exact time the attack took place. three people were killed and more than 180 were injured when two homemade bombs went off to the finish line of therace. authorities say they have charged the one surviving suspect. he is in the hospital with serious injuries. >> federal prosecutors say...
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May 14, 2013
05/13
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. >> on the hunt for tax cheats -- european governments firm up plans to share bank records across borders. >> hollywood actress angelina jolie reveals she has had prevented a double mastectomy. -- preventative double mastectomy. >> the trial of the surviving members of a suspected neo-nazi sell has resumed in munich after being adjourned for a week. >> the main defendant has been charged with the murders of 10 people, nine of whom had an immigrant background. the trial was interrupted several times as defense attorneys tried to force would delays. >> we will go to our correspondent at the courthouse in just a moment, but first, we have this report. >> the wrangling between the court and the defense team threatened to further delay the trial. the day began with the defendant entering a motion demanding a bigger court room to allow more people to follow the trial. after the court rejected the demands, the charges were finally read out. she is accused of having helped plan and organize the murders and other attacks allegedly carried out by two men. the victims' relatives and their lawyers ar
. >> on the hunt for tax cheats -- european governments firm up plans to share bank records across borders. >> hollywood actress angelina jolie reveals she has had prevented a double mastectomy. -- preventative double mastectomy. >> the trial of the surviving members of a suspected neo-nazi sell has resumed in munich after being adjourned for a week. >> the main defendant has been charged with the murders of 10 people, nine of whom had an immigrant background. the trial...
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Apr 3, 2013
04/13
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citizens say they want to know what he knew -- if he knew what his taxes are was up to. >> the press is showing no mercy to the former budget minister. the scandal involves accusations of money laundering and tax evasion, and it is also threatening to damage the president. he came to office promising honesty and transparency in his government. now he is on the defensive. >> in future, we will do everything we can to prevent conflict between public and private interests and to ensure the disclosure and control of the wealth of ministers and parliamentarians. the government will introduce legislation to parliament in the coming weeks. >> on tuesday, the minister of knowledge he had owned and undeclared bank account for years, an account which now holds some 600,000 euros after denials before parliament. >> did you have a bank account in switzerland or not? >> i do not have one and i never did. >> the affair is especially embarrassing because he was the minister charged with tracking down french tax dodgers. some are already calling for hollande's resignation. >> with the political stak
citizens say they want to know what he knew -- if he knew what his taxes are was up to. >> the press is showing no mercy to the former budget minister. the scandal involves accusations of money laundering and tax evasion, and it is also threatening to damage the president. he came to office promising honesty and transparency in his government. now he is on the defensive. >> in future, we will do everything we can to prevent conflict between public and private interests and to ensure...
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Mar 11, 2013
03/13
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to finance at all, they want to raise tax rates on top tier earners. steinberg says it's necessary to ensure german economic health. >> successful economic policy is only successful if it encourages their economic distribution. >> the social democrats working hand in hand it to develop the platform taking over 40,000 suggestions from non-party members. the leadership pass the plan in a unanimous vote. >> we will have a look at soccer in just a short moment. >> first, here are some other stories making news around the world. pakistan and iran have started building a gas pipeline leak -- linking the two countries. the u.s. said this could incur new sanctions. this will enable them to sell more of their natural gas resources which the united states as undermine sanctions already in place. >> french police say they have foiled a terrorist attack. three men in their 20's were arrested after they found weapons materials and bomb making materials. they were within days of being able to carry out an attack. >> hamburg has managed to move back into european con
to finance at all, they want to raise tax rates on top tier earners. steinberg says it's necessary to ensure german economic health. >> successful economic policy is only successful if it encourages their economic distribution. >> the social democrats working hand in hand it to develop the platform taking over 40,000 suggestions from non-party members. the leadership pass the plan in a unanimous vote. >> we will have a look at soccer in just a short moment. >> first,...
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Jan 22, 2013
01/13
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. -- instituting a tax on financial transactions. >> we start with a celebration of a key strategic alliance between europe's two great economies, france and germany. they have been friends for 50 years. >> after centuries of conflict, they culminated in two world wars. speaking at a news conference in berlin, german chancellor angela merkel and french president francois hollande talking about that. >> they promised to unveil proposals in the coming months and it is a big step forward dr. became to power pledging to reverse the plans that merkel had championed. >> it is the first time these bundestag has had a full parliament from another country here. the french president, hollande, recalled the original spirit leading to the historic relationship. >> young people are not only our future but also the reason for the policies that we are pursuing. >> young people in both of our countries have the uncomfortable good fortune that they have never had to experience in it. but peace and democracy. >> he also addressed the economic crisis in europe and chancellor merkel followed suit. she stressed
. -- instituting a tax on financial transactions. >> we start with a celebration of a key strategic alliance between europe's two great economies, france and germany. they have been friends for 50 years. >> after centuries of conflict, they culminated in two world wars. speaking at a news conference in berlin, german chancellor angela merkel and french president francois hollande talking about that. >> they promised to unveil proposals in the coming months and it is a big step...
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May 22, 2013
05/13
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. >> here is what is coming up in the next half-hour -- tax fraud takes center stage at an eu mini summit in brussels. leaders search for the missing trillion. >> has a lot and syrian forces are reported to of taking control of a strategic reddens -- rebel stronghold that leaks damascus with syrian ports. >> and the anniversary of richard wagner's birth. how germany is celebrating the controversial composer. >> in a period of record recession and unemployment, the eu has decided to aggressively go after a reported one trillion euros in tax loopholes lost in loopholes. >> leaders backed by the european parliament have agreed to halve the edge -- the figure by 2020. they have also set a deadline to end banking secrecy. >> luxembourg's prime minister smiled for the cameras but had to make major concessions. after initially resisting, he agreed to share other information. now his focus is on negotiating a similar agreement with switzerland. >> what we are planning to do with the automatic exchange of information is again unprecedented. unprecedented. we could not speak in those terms on those
. >> here is what is coming up in the next half-hour -- tax fraud takes center stage at an eu mini summit in brussels. leaders search for the missing trillion. >> has a lot and syrian forces are reported to of taking control of a strategic reddens -- rebel stronghold that leaks damascus with syrian ports. >> and the anniversary of richard wagner's birth. how germany is celebrating the controversial composer. >> in a period of record recession and unemployment, the eu has...
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Feb 22, 2013
02/13
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he's promising to cut taxes and let tax dodgers off the hook. business has welcomed those policies. in italy, taxes are high and demand is falling. even if he finishes second, berlusconi could frustrate the new government. his party to block legislation in the senate. he could make the italian parliament grind to a halt. the comedian has a very serious message for italy's politicians. his five stars movement wants italy out of the euro, and he rages against italy's leaders. >> berlusconi's yellow hair used to look like a roof over his head. you cannot even tell what color his hair is now. it looks like a dead cat. >> the outgoing prime minister might look more like a leader, but polls put his centrist coalition fourth. monti's austerity drive has made him unpopular at home. the economics finance minister says he will not be a finance minister in berlusconi is the government, but prime minister's hope he will partner up with mario monti after all because it could deliver italy's stable government. >> well, the economy is the top issue in italy among voters. the youth unemployment rat
he's promising to cut taxes and let tax dodgers off the hook. business has welcomed those policies. in italy, taxes are high and demand is falling. even if he finishes second, berlusconi could frustrate the new government. his party to block legislation in the senate. he could make the italian parliament grind to a halt. the comedian has a very serious message for italy's politicians. his five stars movement wants italy out of the euro, and he rages against italy's leaders. >>...
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Jul 9, 2013
07/13
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tax. both hardee's also want higher inheritance taxes -- both parties also want higher and heritage -- higher inheritance taxes. some tax experts have given their seal of approval. >> the well-off have had to pay less taxes. in recent years, their income has risen significantly, so it would certainly be a good thing to reform taxes to disproportionately target the well off. >> but the governing coalition has been scheming about the spd proposals. the free democrats have called the spd's peer steinbrueck a socialist and labeled the green party's candidate a count dracula, determined to bleed from the middle classes. but what do the voters think about higher taxes? is it a risky strategy we canvassed some opinions in berlin -- is it a risky strategy? we canvassed some opinions in berlin. would you support a party that propose to raise taxes? >> yes, i would. >> it depends which taxes and how they propose to spend the revenue. >> it would benefit society everywhere. >> i would pay more taxes
tax. both hardee's also want higher inheritance taxes -- both parties also want higher and heritage -- higher inheritance taxes. some tax experts have given their seal of approval. >> the well-off have had to pay less taxes. in recent years, their income has risen significantly, so it would certainly be a good thing to reform taxes to disproportionately target the well off. >> but the governing coalition has been scheming about the spd proposals. the free democrats have called the...
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Jul 19, 2013
07/13
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the g-20 is trying to clamp down on this questionable tax practices. the people of japan hold elections this sunday that the prime minister hopes will strengthen his grip on power. >> aid -- abe has a marked on a major push to revive the stagnant japanese economy. an apostate elections are for the upper house, which is party does not control yet -- sunday's elections. >> he says he needs the ability to push ahead policies that his supporters say are already showing results. >> these deluxe watches cost around 7500 euros each. you might think the market for them would be limited, but since the start of the year, sales in this shop have risen by almost 30%. demand for other luxury items is also rising. >> the appetite for consumption was receding, but after the change in government, we feel that the general mood for recovery or the anticipation of economic recovery, seems to be improving consumer sentiment. >> japan's economy has rallied since last december. in the first quarter of the year, the economy grew by 4.1%, and a weaker yen is boosting income f
the g-20 is trying to clamp down on this questionable tax practices. the people of japan hold elections this sunday that the prime minister hopes will strengthen his grip on power. >> aid -- abe has a marked on a major push to revive the stagnant japanese economy. an apostate elections are for the upper house, which is party does not control yet -- sunday's elections. >> he says he needs the ability to push ahead policies that his supporters say are already showing results. >>...
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May 30, 2013
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will present to the other eu members the idea that they should coordinate their economies and also tax policies closer, and for that, they also want a euro group president and regular meetings of the euro group. they also want a budget to fight unemployment, and they want to give priority to fight against youth unemployment. for that, the even want to have a special summit, and they have a lot of concrete ideas, such as giving credit to another european investment bank, so the small and medium european enterprises have a chance to create new jobs. besides all this content, i think it is most important that they demonstrated unity. >> on that point, the world has been watching for a long time to see a united approach from europe. how united would you say france and germany are? >> well, they tried to look really united. it looked at the dinner and the visit and the exhibition of cost, that is for us, the media. it also shows there will to give up this tension as it was called before. also, they stressed in the press conference that they have responsibility for europe, and they are fully
will present to the other eu members the idea that they should coordinate their economies and also tax policies closer, and for that, they also want a euro group president and regular meetings of the euro group. they also want a budget to fight unemployment, and they want to give priority to fight against youth unemployment. for that, the even want to have a special summit, and they have a lot of concrete ideas, such as giving credit to another european investment bank, so the small and medium...
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Apr 25, 2013
04/13
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much of that thanks to lower taxes. the government says growth in 2014 should reach 1.6%. what did those economic figures mean for the action on germany's equity markets? we go to frankfurt to find out. >> the german dax has performed very well this week. it is up for the fourth day, but this really is only the answer on the strong losses in recent weeks, traders said. because the week was packed with - german economic data and also with disappointing corporate numbers. germany's third largest chemical company was very much profiting from this good mood after three failed attempts to go public. this time they have been successful. with this money, they want to invest in growth. >> now, the markets by the numbers. the dax index in frankfurt was up by nearly a point. 2704 clothes for euro stoxx 50, also slightly up. the dow jones is slightly up, and the euro against the dollar is $1.30 precisely. and many europeans have probably heard of the 500-year-old bill. few ever actually get to carry one in their wallet, and soon, they may disappear altogether. financial authorities s
much of that thanks to lower taxes. the government says growth in 2014 should reach 1.6%. what did those economic figures mean for the action on germany's equity markets? we go to frankfurt to find out. >> the german dax has performed very well this week. it is up for the fourth day, but this really is only the answer on the strong losses in recent weeks, traders said. because the week was packed with - german economic data and also with disappointing corporate numbers. germany's third...
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Feb 18, 2013
02/13
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wished for the church last year, to strengthen faith and not get tangled up in superficial matters like taxes there and other issues. >> i want the new pope to continue that and continue to use worked started by john paul ii. >> i would like a young girl pope coming under than the current one. i would like more forms to get women involved in the church. >> many here believe things have to change, especially to stop the solution catholics from turning their backs on the church. >> for more and are, john, we just heard about the fact that some german catholics are looking for more reform. how is that scene? >> it's a very german phenomenon actually. there is criticism and even hostility toward the catholic church in other countries and far less demands for theological reforms. in upper cook, it is a very on critical atmosphere. >> how likely is it that we will see a non-european? >> it is very suspect. they have not voted along geographic lines. if they had come and the latin americans would not have elected cardinal ratzinger seven years ago. >> western societies seem somewhat removed from the
wished for the church last year, to strengthen faith and not get tangled up in superficial matters like taxes there and other issues. >> i want the new pope to continue that and continue to use worked started by john paul ii. >> i would like a young girl pope coming under than the current one. i would like more forms to get women involved in the church. >> many here believe things have to change, especially to stop the solution catholics from turning their backs on the church....
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Jun 12, 2013
06/13
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and of using shell companies and tax havens. messi and his father deny any wrongdoing. >> one year from today, the soccer world cup will kick off in brazil. it is estimated that around 28 million people will visit the country and organizers are scrambling to make sure everything is ready on time. >> there have been quite a few problems along the way, from buildings running behind schedule to shortcomings of infrastructure. >> nightfall on the copacabana, and training kicks off at the soccer school. thing the in sand fine-tunes the youngster's technical -- playing the game in sand fine- tunes the youngsters' technical capabilities. one of the 19 boys who comes here four times a week to train for their dream of becoming a pro -- >> soccer is the most important thing in my life, and the best sport of all. training is fun. we are all equal here. >> he hopes to get a glimpse of the world's best at next year's tournament. and this is where the winners will be crowned, rio's iconic stadium. it has just undergone a major renovation work
and of using shell companies and tax havens. messi and his father deny any wrongdoing. >> one year from today, the soccer world cup will kick off in brazil. it is estimated that around 28 million people will visit the country and organizers are scrambling to make sure everything is ready on time. >> there have been quite a few problems along the way, from buildings running behind schedule to shortcomings of infrastructure. >> nightfall on the copacabana, and training kicks off...
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Apr 29, 2013
04/13
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[applause] >> the recipe here is calling for is not a newcomer reducing unemployment, reforming the tax code, expanding the welfare system all sound good, but it will be quite another thing to get them enacted. the grand coalition is an experiment and many italians are skeptical about the outcome. >> i have my doubts about the government. who knows how long it will last? what counts is that they get the job done. >> he has promised to deliver results within 18 months. the european partners are also eager to see a turnaround in the third largest economy in the eurozone. >> the vote is going on at this hour in rome. we will also be going live to rum and our correspondent there, philip. voting under way right now. how do you think it will go? >> there is no doubt that he will have a comfortable majority. his deal with burlesconi means he should be very solid in parliament. as a question of how long things will last that way. >> what the people of italy want to see at this point from a future government? will he be able to deliver? >> difficult to say. he has been clever in presenting himse
[applause] >> the recipe here is calling for is not a newcomer reducing unemployment, reforming the tax code, expanding the welfare system all sound good, but it will be quite another thing to get them enacted. the grand coalition is an experiment and many italians are skeptical about the outcome. >> i have my doubts about the government. who knows how long it will last? what counts is that they get the job done. >> he has promised to deliver results within 18 months. the...
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Jun 18, 2013
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>> tax evasion and tax avoidance is an urgent issue. furthermore, having one single opinion of the g8 is quite a step forward. i guess they are right. the prime minister of great britain was pushing forward for public lists of who is actually owning shell companies and further corporate data. he could not really achieve that. if we look back one year ago, nobody would have thought this could have been on the agenda and now it is. it is quite a step forward, i would say. >> absolutely. what's going to happen with the states that do not play ball? >> they're going to slow things down. whenever is changing or affecting their business model, which is hiding wealth, hiding financial assets for a small fee. we see the pressure rising on others like the bermuda islands or the cayman islands. we see pressure rising on countries like luxembourg and austria that have shown great movement in foreign money. at this pressure is keeping up, then now is the time to do something about tax legislation around the globe. >> today there were strong resista
>> tax evasion and tax avoidance is an urgent issue. furthermore, having one single opinion of the g8 is quite a step forward. i guess they are right. the prime minister of great britain was pushing forward for public lists of who is actually owning shell companies and further corporate data. he could not really achieve that. if we look back one year ago, nobody would have thought this could have been on the agenda and now it is. it is quite a step forward, i would say. >>...
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May 9, 2013
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value-added tax will rise from 20% to 22%, and a new property tax will be introduced in january. the government is also in talks with trade unions to make significant cuts to the public sector. the plant is now to be sent to brussels in the hope that it will be enough to reassure slovenia's european partners. >> on today's market action, while banks and shops were closed across the country in germany for the ascension day holiday, the frankfurt stock exchange was open and shares posted modest gains to lock in another record closing high. our correspondents and as the summary of the 30 trading session. >> for a moment in afternoon trading, the german stock index marked another all-time high, inspired by positive data from the american labor market. but all in all, trading was seamless. this thursday, the dax managed to end trading only a couple of points on the upside. nevertheless, traders said this must not be a bad sign. aber research -- a breather in the mix of a stock-market rally even gives hope that the rally continues. >> we stay in frankfurt for a closer look at thursday'
value-added tax will rise from 20% to 22%, and a new property tax will be introduced in january. the government is also in talks with trade unions to make significant cuts to the public sector. the plant is now to be sent to brussels in the hope that it will be enough to reassure slovenia's european partners. >> on today's market action, while banks and shops were closed across the country in germany for the ascension day holiday, the frankfurt stock exchange was open and shares posted...
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Jun 13, 2013
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it's become a familiar scene in a country unhappy with government cut tax. this time, they have walked off the job and congregated at their officers. they are angered at the decision to pull the plug on the broadcaster. some journalists continue to go on air on the internet, but hopes are fading. >> we are scared they will go ahead with the shut down. i've been here for two days and nights now. we are fighting for our survival. >> it is still largely business as usual in downtown athens. >> i support the strike. it's not just about the sudden shutdown of the station. that's just the tip of the iceberg. >> it's not good that they were all let go, but the station had too many employees and it has to contribute to making savings. >> there are fewer newspapers today. many print journalists have joined the strikes. there is no good news on the jobs front. new data shows greek unemployment rising to over 27%, the highest level in the eu. >> the european union has launched an official complaint with the world trade organization over tariffs china imposed on europea
it's become a familiar scene in a country unhappy with government cut tax. this time, they have walked off the job and congregated at their officers. they are angered at the decision to pull the plug on the broadcaster. some journalists continue to go on air on the internet, but hopes are fading. >> we are scared they will go ahead with the shut down. i've been here for two days and nights now. we are fighting for our survival. >> it is still largely business as usual in downtown...
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Jan 30, 2013
01/13
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he hopes in particular to ease the tax burden on export-driven businesses. >> we are going to implement structural reforms with even greater force and adopt new measures to stimulate growth. our priority is to reduce youth unemployment, and we are already cooperating with unions and businesses to achieve this. >> there's mounting frustration on the streets. unemployment in the country has risen to 26%. half of young people are out of work. but the eu has signaled it is willing to relax rules on spain, which could help soften the austerity measures apparently crippling the country. >> germany may be about to drop its objections to bailing out cyprus. despite misgivings about reports of money laundering by the island's thanks. >> a number of politicians in germany have accused separate banks of holding significant illegal deposits with russian money, something they deny. they had threatened to refuse to finalize a bailout unless the country clean up -- clint of its act, but berlin is reported to have relented after pressure from other eurozone countries. cyprus needs about 17.5 billion eu
he hopes in particular to ease the tax burden on export-driven businesses. >> we are going to implement structural reforms with even greater force and adopt new measures to stimulate growth. our priority is to reduce youth unemployment, and we are already cooperating with unions and businesses to achieve this. >> there's mounting frustration on the streets. unemployment in the country has risen to 26%. half of young people are out of work. but the eu has signaled it is willing to...
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Mar 25, 2013
03/13
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. >> it is goodbye to the low-tax business model that attracted lots of money a broad, a huge number of inking jobs will go. the country's a second-biggest bank, lockheed, will be submerged into the bank of cyprus. that's a, too, will be radically structured. euros will remain frozen. 30% will be taken to help sort out the thanks debts. under this new plan, deposits under 100,000 euros will be protected. the measures will not only affect foreign investors, many will lose out as well. there are barely any provisions with -- people have been supporting themselves in old age. the deposits are now in danger. >> up to now, the people have been extremely calm. and it is the people that have been great, not the politicians in this. the first attempted to deal for cyprus was voted down by the country's parliament. this time around, there approval is not required. >> let's go now live to make who is standing by for us and has the latest. nathan, the president was scheduled to address the nation as of this hour. it is a little bit late. what is he expected to say? >> there have been three dela
. >> it is goodbye to the low-tax business model that attracted lots of money a broad, a huge number of inking jobs will go. the country's a second-biggest bank, lockheed, will be submerged into the bank of cyprus. that's a, too, will be radically structured. euros will remain frozen. 30% will be taken to help sort out the thanks debts. under this new plan, deposits under 100,000 euros will be protected. the measures will not only affect foreign investors, many will lose out as well....
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Mar 22, 2013
03/13
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that includes a controversial tax on bank accounts to fund the bailout. >> people in cyprus brave the storm to protest outside parliament ahead of a crucial few hours for the country. inside, lawmakers are voting on a series of measures designed to help the financially stricken nation meet the terms of an international bailout package. few of the plan's details are known, even to eurozone officials in brussels, but an unpopular one of tax on savings could be back on the table, particularly on bank accounts with deposits of at least 100,000 euros. the plan needs to be in place by monday when the european central bank says it will withdraw financial aid for separate -- separate -- cypriot banks. >> a lot of people will definitely lose their jobs and benefits. >> cyprus needs to raise 5.8 billion in order to qualify for the bailout. its eurozone partners in the imf would then provide 10 billion euros in rescue loans. the fund raising measures under discussion include plans to restructure the country's second biggest lender and tapping state pension assets. >> all right, our correspondent
that includes a controversial tax on bank accounts to fund the bailout. >> people in cyprus brave the storm to protest outside parliament ahead of a crucial few hours for the country. inside, lawmakers are voting on a series of measures designed to help the financially stricken nation meet the terms of an international bailout package. few of the plan's details are known, even to eurozone officials in brussels, but an unpopular one of tax on savings could be back on the table,...
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Jun 26, 2013
06/13
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employment must remain high to cover projected tax revenues. it also depends on a stable global economy and no additional bailouts for troubled eurozone members like greece. only then can merkel's coalition make good on the most costly campaign promises such as more financial support for families. >> staying with the german economy, it seems that consumers are feeling bullish about the outlook. figures out today shows that consumer confidence has hit its highest level in almost six years since well before the financial crisis broke out. lower employment and a round of big wage increases this year have been fueling the trend. consumer spending even looks to be getting a boost from the recent floods as people replace damaged household goods. those figures are also good news for other european countries who are hoping to boost their exports to germany to get a little bit of growth. we have more from the frankfurt stock exchange. >> german consumers continue to be at a spending mood and it's good news for people here in the markets in the frankfurt
employment must remain high to cover projected tax revenues. it also depends on a stable global economy and no additional bailouts for troubled eurozone members like greece. only then can merkel's coalition make good on the most costly campaign promises such as more financial support for families. >> staying with the german economy, it seems that consumers are feeling bullish about the outlook. figures out today shows that consumer confidence has hit its highest level in almost six years...
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Jun 20, 2013
06/13
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. >> it's a country with high taxes and a crumbling infrastructure, and many people here blame that on the politicians, say that corruption has resulted in very little progress in the supposed improvements in infrastructure here. also, inflation over the last year or so is definitely creeping up, so things like the rise in the bus fares were very much noted by the people. meanwhile, brazil is showing off to the world, saying "look at us." is about to host the world cup next year and the olympics in 2016, and that is what pushed people over the edge. saying, "hang on, things are not quite as bright as the government is portraying. >> it certainly does not look peaceful. >> most of the protests here and the demonstrations have been peaceful. in fact, the demonstrators have been really keen, the majority of them, to try to keep that. otherwise, they feel the whole thing will collapse. on the fringes of this, there's definitely been islands on the part of protesters and a pretty heavy-handed tactic on the part of the police. the government is in a very, very difficult situation. the protes
. >> it's a country with high taxes and a crumbling infrastructure, and many people here blame that on the politicians, say that corruption has resulted in very little progress in the supposed improvements in infrastructure here. also, inflation over the last year or so is definitely creeping up, so things like the rise in the bus fares were very much noted by the people. meanwhile, brazil is showing off to the world, saying "look at us." is about to host the world cup next year...
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Jun 27, 2013
06/13
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merkel pushed her conservative coalition's economic record with less new debt and lower taxes. >> we can do more. we have ease the burdens on families and businesses. we have invested in education and research and put the brakes on public debt. >> germany's national debt has risen by 400 billion during the legislative term. the point is, you don't know how to handle money. >> idle and merkel said the opposition lacked ideas -- on low merkel -- angela merkel said the opposition lacked ideas. >> all you can think about is placing more burdens on the very people who drive our economy. that is your policy. >> but he had one last parting shot. >> we have already heard this policy statement three or four times over. that is why half of the government is completely overwhelmed with the desire to sleep. >> the battle for votes will be driving german politics. >> let's check up with the latest on nelson mandela's help. south african president says there was a slight improvement overnight and he is still critical but stable. he praised the medical team looking after mandela. >> family members
merkel pushed her conservative coalition's economic record with less new debt and lower taxes. >> we can do more. we have ease the burdens on families and businesses. we have invested in education and research and put the brakes on public debt. >> germany's national debt has risen by 400 billion during the legislative term. the point is, you don't know how to handle money. >> idle and merkel said the opposition lacked ideas -- on low merkel -- angela merkel said the opposition...
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May 8, 2013
05/13
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said the government is currently collecting adequate revenues and that there is no need for higher taxes, something opposition parties are calling for in their campaign for elections coming up this fall. well, even in a wealthy country like germany, a full-time job does not always guarantee a wage you can live on. that has been made clear by new figures out this wednesday, which showed that hundreds of thousands of germans depend on welfare payments to help compensate for low earnings. >> the opposition says the solution is obvious -- a national minimum wage. it is a big issue ahead of elections this september. we take a look at a typical worker whose wages are not enough to make ends meet. >> he worked night shift as a security guard. he is full time and only earns 6.65 euros an hour, a wage solo he is entitled to an income boost from the state. >> i can live from it, but it is not a life worth living because i'm no longer part of society. >> his wife works in a job which pays 400 euros a month, but despite subsidies, the couple still cannot afford simple things like some of visits or e
said the government is currently collecting adequate revenues and that there is no need for higher taxes, something opposition parties are calling for in their campaign for elections coming up this fall. well, even in a wealthy country like germany, a full-time job does not always guarantee a wage you can live on. that has been made clear by new figures out this wednesday, which showed that hundreds of thousands of germans depend on welfare payments to help compensate for low earnings. >>...
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Apr 10, 2013
04/13
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french president francois hollande has called for a crackdown on tax havens. he has announced measures to stop tax havens and france, including the creation of a special prosecutor's office to pursue financial crimes. he also introduced rules requiring french banks to declare their foreign affiliates and will remark -- require members of his cabin to make their income and assets public. -- his cabinet to make their income and assets public. >> the european commission has issued a warning to spain and slovenia. in a health check of 13 eu economies, it says that slovenia could be the next country in line for a rescue package due to corporate debt, bad loans, and deteriorating public finances. in spain, high levels of unemployment continues to pose serious risks to growth and instability. they said that both countries must move swiftly to and their ailing banking sectors -- aid their ailing banking sectors. >> rustles wants to introduce gender quotas by 2020 -- brussels wants to introduce gender quotas by 2020. >> it is easier said than done. berlin rejects the i
french president francois hollande has called for a crackdown on tax havens. he has announced measures to stop tax havens and france, including the creation of a special prosecutor's office to pursue financial crimes. he also introduced rules requiring french banks to declare their foreign affiliates and will remark -- require members of his cabin to make their income and assets public. -- his cabinet to make their income and assets public. >> the european commission has issued a warning...
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May 27, 2013
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there are the opportunities for tax break and the public. herman -- and the public procurement program. >> the motoring industry says tomorrow belongs both to electric and conventional cars. >> no one can say which now which technology will dominate the market -- will say right -- no one can say right now which technology will dominate the market. >> environmentalists have been protesting outside of the summit. they don't believe that carmakers really want to make the switch to e-cars. they call this a summit of hypocrites. >> in the postwar years, u.s. forces remained in germany to help stabilize the country and they ended up staying for decades. >> ring that time, american g.i.'s established -- during that time, american g.i.'s established music clubs. an exhibition has created to commemorate the era. >> the music that g.i.'s in former west germany loved to hear during the cold war still get people on their feet. these djs specialize in spinning those tunes. ♪ the duo is behind exhibition at this berlin museum. for them, it is a journey
there are the opportunities for tax break and the public. herman -- and the public procurement program. >> the motoring industry says tomorrow belongs both to electric and conventional cars. >> no one can say which now which technology will dominate the market -- will say right -- no one can say right now which technology will dominate the market. >> environmentalists have been protesting outside of the summit. they don't believe that carmakers really want to make the switch...
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Mar 26, 2013
03/13
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we stay in europe where the tax not doing a lot on the day, eking out a slight gain. euro stoxx 50 in negative territory. the dow got a little more of a bump, mostly on positive home price data that could indicate an improving u.s. economy. the euro/dollar is currently on the rise. >> as the economic crisis in cyprus deepens, china and russia have announced the creation of an alternative banking system that will provide a counterbalance to the imf and world bank. the leaders of those countries along with those from brazil, india, and south africa are meeting for a summit to hammer out a joint strategy to harvest -- contest their growing economic power. it is likely to focus on infrastructure financing, a direct challenge to seven decades of dominance by the world bank. >> with this summit, the brits are hoping to kickstart development that will bring financial independence. the quintet say they are keen to form a counterbalance to the established powers of the world bank and international monetary fund. the group is considering a joint reserve pool worth 93 billion eu
we stay in europe where the tax not doing a lot on the day, eking out a slight gain. euro stoxx 50 in negative territory. the dow got a little more of a bump, mostly on positive home price data that could indicate an improving u.s. economy. the euro/dollar is currently on the rise. >> as the economic crisis in cyprus deepens, china and russia have announced the creation of an alternative banking system that will provide a counterbalance to the imf and world bank. the leaders of those...
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Mar 28, 2013
03/13
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sought help from creditors, germany has come to the rescue, but it has also meant tough cuts and new taxes as part of a new deal, but perhaps ironically, those efforts to hold you up together risk creating new divisions and summoning old fears. >> comparisons with nazi germany are becoming more frequent in the crisis-hit countries of the eurozone. in cyprus, portugal, italy, and spain, german chancellor angela merkel is blamed for imposing stringent measures that are leading to social and economic decline. the eu correspondent is not surprised. >> pensioners and public servants are having their incomes cut. it is clear that the economic reforms which were pushed by germany are not doing much. >> when eu officials meet in brussels, germany say it is decisive. berlin sets the course to follow to bail out the eurozone's beleaguered economies, but this austrian journalist says the problem is not as much the policies as the attitude. >> germany is exemplary in economic terms. i would say there is a lack of feeling towards partners. not enough solidarity being shown. germany is coming across as
sought help from creditors, germany has come to the rescue, but it has also meant tough cuts and new taxes as part of a new deal, but perhaps ironically, those efforts to hold you up together risk creating new divisions and summoning old fears. >> comparisons with nazi germany are becoming more frequent in the crisis-hit countries of the eurozone. in cyprus, portugal, italy, and spain, german chancellor angela merkel is blamed for imposing stringent measures that are leading to social and...
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Mar 7, 2013
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he faces two more court hearings this month for tax fraud and for sex with an underage prostitutes. >> in venezuela, thousands of mourners turned out to pay their respects for the late president, hugo chavez. his body now lies in state at the military academy in caracas. >> he died after a two-year battle with cancer. under the constitution, venezuela must now hold an election within 30 days. >> his death has sparked an outpouring of grief and sorrow among his supporters. >> venezuelans saying a final farewell to their former leader. they filed past the casket quickly to make way for the tens of thousands still waiting outside. many are still taken aback by the news. >> if i did not see it, i would not believe it because i could not believe such a strong, courageous man had passed away, but it is so. >> i feel bad because he was loved. my family and i really loved the president. if it were not for the president, we would not have a decent apartment. >> chavez was a key figure in latin american politics. fellow leaders from across the region have come to caracas to join in the morning
he faces two more court hearings this month for tax fraud and for sex with an underage prostitutes. >> in venezuela, thousands of mourners turned out to pay their respects for the late president, hugo chavez. his body now lies in state at the military academy in caracas. >> he died after a two-year battle with cancer. under the constitution, venezuela must now hold an election within 30 days. >> his death has sparked an outpouring of grief and sorrow among his supporters....
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Jul 10, 2013
07/13
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possible social democratic coalition with the greens and their plans to expand social welfare and raise taxes. angela merkel's conservative get off with a milder verdict, but there is cause for complaint here especially raising state pensions for mothers. only the free-market coalition partners, the free democrats, have the right balance, but that is not an endorsement. >> of course there is a party ranking, but the election platform includes many other issues like data privacy or security. >> with the economy expected to be the main battleground, german business hopes voters will hear their side of the argument mad and clear. >> the conflict in syria continues to take a heavy toll. the world health organization has called on the government and the rebels to let humanitarian supplies get to the city of aleppo. >> rebels are apparently . it is the latest indication of how dire the situation is in syria where millions have fled the war anddevastation. germany has already taken in the more the refugees with more soon to arrive. >> the scale of the refugee crisis keeps growing. according to the u
possible social democratic coalition with the greens and their plans to expand social welfare and raise taxes. angela merkel's conservative get off with a milder verdict, but there is cause for complaint here especially raising state pensions for mothers. only the free-market coalition partners, the free democrats, have the right balance, but that is not an endorsement. >> of course there is a party ranking, but the election platform includes many other issues like data privacy or...
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Feb 12, 2013
02/13
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democrats believe in taxing for big government. republicans believe in borrowing all the money for big government. >> money is short. the latest technology is often unavailable. but 2/3 of the students come from democrats. many are undocumented and have no right to stay in the u.s., a problem washington has so far failed to solve. the school principal says many of his students are anxious. >> they want to know what their future is. "will i be able to go to college? will i be able to find employment?" the same concerns everyone else has. they just it's a different set of obstacles that it is sometimes difficult for us to relate to. >> this police officer has been employed to keep the schools say. the memory of the school massacre in newtown, connecticut, is still fresh in everyone's minds. teachers do not want to carry weapons. they hope this police officer will be determined enough -- deterrent enough, but there's no sign of a change in mentality on guns. shooting ranges continue to be popular. nicholas held his first gun when he w
democrats believe in taxing for big government. republicans believe in borrowing all the money for big government. >> money is short. the latest technology is often unavailable. but 2/3 of the students come from democrats. many are undocumented and have no right to stay in the u.s., a problem washington has so far failed to solve. the school principal says many of his students are anxious. >> they want to know what their future is. "will i be able to go to college? will i be...
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Mar 20, 2013
03/13
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. >> cypress has long been a tax haven for russian companies who have billions of euros in separate banks, but many russians who live on the island are outraged at the proposed levy on their savings. >> this country has cheated us and stolen our money. yes, stolen. it was not their money. we brought it here. we did not earn it here. >> for now, a separate account holders are relieved that parliament shot down the proposal. >> it was time to take a stand. they are sure to find a solution. the separate people are strong. we can take a lot. we have proven that before through many tough times. >> the cypriot government is still searching for any viable solution. even the country's archbishop has offered to help by digging into the pockets of the church. 17 billion euros is the son the island needs to keep afloat, approximately equivalent to the country's economic output, and it is more than the eu is willing to put up without a significant contribution from cyprus itself. >> for more, we can go now live to nicosia where our correspondent is monitoring events for us. after anchoring the russia
. >> cypress has long been a tax haven for russian companies who have billions of euros in separate banks, but many russians who live on the island are outraged at the proposed levy on their savings. >> this country has cheated us and stolen our money. yes, stolen. it was not their money. we brought it here. we did not earn it here. >> for now, a separate account holders are relieved that parliament shot down the proposal. >> it was time to take a stand. they are sure to...